Crashers get ready with those big deposits!

System

Well that would include me, Hamish, Really etc.

HAMISH_MCTAVISH

ruggedtoast wrote: »

So basically Hamish, you got a hand out from Mum and Dad which enabled you to buy property.

False.

We saved up a deposit, sufficient for a place we could afford. We then got a small gift which increased the size of deposit, and thus the price range of places we could afford.

Had we not had such a gift, we still could have afforded to buy a smaller place then, or a bigger place after a year or two more saving.

By the way, flats/houses in the area in question are still affordable today for people doing the same jobs we were two decades ago.

split_second

Graham_Devon wrote: »

Anyone who buys a car

correct sir, mine has lost about 70% of its value but i have had 6 years out of it

HAMISH_MCTAVISH

doire wrote: »

Like your obessive urge to laugh at and preach to those that are now priced out. A situation you found yourself in years ago.

Wait a minute doire......

You claim we were priced out two decades ago.

Yet we were then, and are now, a dual income couple in the top few percent of earners for our age group.

But true enough, we could not afford to buy a decent house as FTB's without help even then. However we could have afforded a flat, or a small house in a less nice area.

So nothing much has changed....

Other than the young of today having unrealistic expectations.:cool:

HAMISH_MCTAVISH

Graham_Devon wrote: »

But neither is anyone telling you you are stupid for not being able to buy a ferrari. .

I don't tell people they're stupid for not being able to buy a house.

I do tell crashaholics they're idiots for expecting 50% off in nominal prices by X-Mas, and refusing to buy when it became clear that wasn't (and isn't) going to happen, despite their claims of large "vulture fund" deposits.

Graham_Devon

HAMISH_MCTAVISH wrote: »

I don't tell people they're stupid for not being able to buy a house.

Oh right.

So you don't say things like...

HAMISH_MCTAVISH wrote: »

Not clever, below average homebuyer income, and too busy paying someone elses mortgage to save a big chunky deposit.

Although in fairness, a few KIPPERS may do alright if prices dip a bit, although hopefully they won't make the same mistake they did last time....

Get greedy and miss the bottom by a mile.:rotfl:

I've already guaranteed an easy retirement through rising house prices, because I own a mortgage free house, and the second house will be paid off in less than a decade now.

I'm many tens of thousands ahead by buying in 2007 instead of renting since.

Thanks in part to all the crashers subsidising our borrowing.

Thanks for that. Very decent of you.:beer:

No, you don't say that do you. No no no. Not Hamish. I'm just seeing things again, making things up! Maybe, I'm just confused

You do realise how many people are stuck renting, an dhow mnay people that would include in your speeches?

HAMISH_MCTAVISH

Graham_Devon wrote: »

Oh right.

So you don't say things like...

Oh I do.....

In a thread titled "crashers get ready with those big deposits!" :rotfl:

You do realise how many people are stuck renting,?

Well given rent payments are now more expensive than a mortgage in 75% of the UK, you'd be better off directing your anger at the banks for requiring such ludicrous deposits, whilst making record profits.

ruggedtoast

HAMISH_MCTAVISH wrote: »

False.

We saved up a deposit, sufficient for a place we could afford. We then got a small gift which increased the size of deposit, and thus the price range of places we could afford.

Had we not had such a gift, we still could have afforded to buy a smaller place then, or a bigger place after a year or two more saving.

By the way, flats/houses in the area in question are still affordable today for people doing the same jobs we were two decades ago.

Oh you could've would've should've... lets just stick to the facts of what you actually did shall we.

Despite being in the top 0.001% of earners in the entire globalised financial system, or mobile hot dog and reconstituted burger festival pattie vendors or whatever the hell it is you and your wife do for a living, you found that when you had saved your deposit you didn't have enough money to buy a place you considered suitable.

And then, just like everyone else in your situation who you constantly mock on here; you went right ahead and DIDN'T BUY ONE OF THOSE PROPERTIES.

You didnt buy one.

Didnt instruct a solicitor.

Didnt get a 25 year mortgage for a place you didnt want to live.

Didnt get on the ladder.

You did none of those things.

What you actually did was take a nice cash gift from your parents, which enabled you to buy somewhere you did want to live. So you did.

Therefore, when people on here complain they cant afford a suitable house, and you start moralising at them about how they shouldnt expect to have a suitable house they should just buy any hovel and be thankful they are on the ladder; you can just stick it in backwards because you didnt do the same thing yourself and have no right whatsoever to lecture anyone else.

doire_2

HAMISH_MCTAVISH wrote: »

Oh I do.....

In a thread titled "crashers get ready with those big deposits!" :rotfl:



Well given rent payments are now more expensive than a mortgage in 75% of the UK, you'd be better off directing your anger at the banks for requiring such ludicrous deposits, whilst making record profits.

Ludicrous deposits?

These deposits will make people more responsible in that if they want to own a home they need to save for it.

The days of handouts from the banks are long gone and they aren't coming back anytime soon. People just need to realise this

HAMISH_MCTAVISH

doire wrote: »

These deposits will make people more responsible in that if they want to own a home they need to save for it.

Of course the fact that they have to save a far bigger deposit in terms of percentage of the house price than people in my day did, seems to have escaped your notice.

As does the point made earlier that even two decades ago, a high earning couple could not afford to buy proper houses as FTB's without parental help.

So you seem to be advocating making it harder for FTB's now than it was two decades ago.

Interesting.